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tv   MONEY With Melissa Francis  FOX Business  June 6, 2013 12:00am-1:01am EDT

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melissa: i melissa francis and here's what's "money" tonight. the government wants 2.7 million chrysler vehicles off the road. as if an accident could make them burst into flames but chrysler says no. it won't recall them. is it asking for a financial train wreck? plus, how do you become the most popular airline in america? do exactly the opposite ofof your competition. allegiant air's ceo tells us exclusively how they're conquering the friendly skies. who made money today? the mysterious winnerf last month's $590 million powerball jackpot, the biggest ever, and they finally came forward. stay tuned to find out who cashed in. even when they say it's not, it is always about money
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melissa: well our topstory tonight, chrysler brazenly thumbing its nose at the national highway transportation safety administration after if issued a recall request on almost 3illion jeep grand cherokee and jeep liberties. safety officials say the gas tanks in these vehicles could catch fire in a rear end crash but chrler says this is a just a government witch-hunt. is chrysler right? for standing up to the government or, should they be talking the recall request more seriously? would you stl drive yours? joining me now scott burgess from "mor trend", and attorney patrick mcavoy. thanks for joining us. scott, let me start with you. what do you think about this? on one hand i'm impressed they're standing up to the gornment on the other hand the government says 51
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deaths have been related to these gas tank fires. where do you come down? >> i actually think that it is a good move by chrysler to stand up for themselves. let's face it, the government is not always right. when they took a look at the numbers, they did a more thorough search of the numbers and they said look, it is not anymore likely to happen in a jeep than it is any of these other vehicles. in fact there are other vehicles it is more likely to happen. messa: pat, at do you think about that? chrysler says that the analysis is faulty. that the government didn't use all the data that was available. it made some incorrect comparisons. would hold up inourt? or does this feel like a class action late ready to happen the moment the next accident occurs? >> well, i think you would expect chrysler to have that type of response in the wake of claim like this coming from the government and the, as far as the civil justice system goes, i mean, this is,
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this is the only way that people who are aggrieved by allegedly defective products seek compensation. so i mean, while i wouldn't expect chrysler to say anything else, the report certainly does state some very valid point to it. melissa: scott, see, i totally disagree with pat. i would expect chrysler to say something else. i feel like when you hear recall recommendation, it feels to me like 99% of the time the companies say,ll right and they go ahead with it and they're too worried to stand up to the governnt. how unusual is this? >> it is very unusual. the last time a company refused to do a recall was criser are. that was in '96. eventually chrysler went to court and won and they didn't have to do the recall.. it is really important, most carmakers, recall vehicles even before nhtsa send them a letter and asks them to do a voluntary recall. additionally it is a voluntary recall. if nhtsa could force them to do it because it was unsafe
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they would force them. i have no problem at all with the company saying, look what you're showing us is wrong. i mean the damage already beg done to chrysler right now. all of this news coming out is going to hurt them in the long run. maybe it would be better for them on a pr side to recall the vehicles but at the end of the day, if they built the vehicles correctly, another thing to point out that most of the crashes that they talk about, the amount of force in them was so severe, no car would have survived any of those accidents. melissa: yeah, but what they're trying to say, pa, maybe you can address it, they're trying to say the gas tank is positioned in the way in the back when there is a rear end collision it is more likely to explode. i would imagine at chrysler they sat down did the math. the company,is is what they're supped to do. they have shareholders. they're supposed to sit there and dot malth, judge what it would cost for us to do this recall versus what is it going to cost if we get sued later down the road, we don't do a recall and
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somebody dies or a bunch of people die and there is class-action lawsuit? th also have to add on top of tt the hit they take from a pr standpoint and who doesn't want t buy their cars at that point. seems like it is more costly not to do the recall. how do you think the math would work out? >> well it's hard to say at this point but i think, you make a good point is that, it's early in the game right now. they're making their strategic effort to back up their product. essentially what the consumers are saying, consumer advocates, and the government is saying that there's an allegedly defective product. there is a design defect to the vehicle itself. so you're going to have pushback now. melissa: yeah. >> whether this turns out and ends up beingg an entire recall, or it ends up being a situation like you saw back in the early, or mid-'90s excuse me with the anti-lock brake system with minivans with chrysler where they offered a mofication where that happened. it is an adversarial process where tons of folks have
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been injured here. important to keep that into pepective. melissa: scott, how do you see the math working out? in 1996 when they didn't dot recall it did work out for them. in this case they're weighing the cost of the recalln one side of the ledger against the cost of a potential lawsuit and a hit they would take from lowered sales and lower demand for their products if this turns out badly. which is more expeive in your opinion? >> it is really tough for me judge. melissa: yeah. tougfor anybody. sometimes they're horrible, horrific accidents andd a vehicle will not survive that accident. we can not make vehicles fooloof. we can't make them so you can drive them off cliffs and peopleill survive. the governmt is satisfied or at least willing to allow 30,000 death as yearn our high bays. and in this instance when chrysler did the math, the math that they did was, there's millions and millions of hours of driving
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these cars and they have been perfectly safe. melissa: yeah. >> they stand by the design. nhtsa hasseven said that particular design, the with the gas tank behind the rear axle between the bumper and rear axle was okay. there are lots of vehicles that have that design. melissa: okay. >> but, you know, i don't know. i don't think that it's simple, that "fight club" formula of how much should it cost to pay out people. melissa: somebody in a boardroom setting up numbers trying to make the decision. only time will tell. i love anyone who stands up to the government. at t same time it would make me nervous now to drive this vehicle gentlemen, thank you so much for coming the show. we appciate your time. >> thanks for hing me. melissa: so it is our money question of the day. if you had a jeep, would you keep driving it after the recommended recall? surprising feedback was really mixed. there are a lot more of you brave souls out there that would keep driving i it than i thought there would be. like us on melissafrancisfox.
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follow me on twitter. it's fun, @melissaafrancis. >> time to check the fuel gauge, u.s. oil production surpassed imports for the first time since 1997. according to the energy information output hit 3.7 million barrels, very good, compared to 3.2 imports. iran sank to the lowest level inecades. that is according to a new reuters report. iran's exports fell to 700,000 barrels a d. a third of what iran was exporting before sanctions led by the u.s. that staed last year. canada's oil production will doubley the year 2030. canada's top oil industry group says output will hit 6.7 million barrels per day. the surge will mostly come from the alberta oil sands region. the u.s., imports more oil from canada than any other country. did you know that? i don't know. >> next on "money," the most popular airline in america has flown to the top doing
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exactly the opposite of the compition. allegiant air's ceo joins us exclusively how bucking the trend has the money flying in. plus, the power of money. is the government abo to bully sac capital out of business? remember, it hasn't been convicted of anything but that is not stopping uncle sam from setting a dgerous new precedent. charlie gasparino, breaking news. more "money" coming up. ♪ .
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.. ♪ . melissa: don't bieve the hype. it turns out you can make money running an airline after all. one of the nation's smallest airlines is also the most profitable.ant air has just 64 jets in its fleet. it has an 18.5% profit margin. none of the other publicly-traded airlines in the country manages to post a profit margin higher than 2.3%. so what's allegiant doing so right at a time when all the other airlines are taking a nosedive? joining me in a fox business exclusive, allegiant president, andrew levy.
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thanks so much for coming on the show. >> thanks, melissa. melissa: those stats bear repeating. pretax profit march begin of 18.5% versus 2.3% of other airlines. one of the see you only face competition on 17 of your 203 routes. so you have a monopoly in a lot of places. why aren't more airlines doing this? >> well, i mean i think that we have a monopoly in the fact that nobody else is ying nonstop in those markets. melissa: yes. >> the reason that nobody else can make money flying nonstop in those markets. melissa: why? >> well, you know, i think that there's a lot of reasons for that. we built a business specificallyargeting the leisure customer and serving underserved markets with very low frequency flights to popular leisure destinions. most of the other airlines out there, almost all of them, they're just not constructed to go about that business profitably. they're more focused on carrying business customers and having a lot of frequency. we just started out by focusing on a leisure
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customer which drove an aircraft decisn and many her things that we do are very different from the rest of the industry. it has worked extremy well. melissa:ou don't advertise. you rely on wo-of-mouth. probably one of the reasons why you're happy to come on the show today. the other airlines aren't in these markets, like you said, they weren't able to turn a profit there, yet you show upnd you'reble to charge more because the only guy there. that doesn't make sense to me. it seems like then, if they saw you making this kind of profit, they would say, let's get a plane oer there and do that route. is there another barrier t entry? that just doesn't make sense. >> well, you know, keep in mind that most of the other airlines make their money by carrying business customers. that's not what we do. our business is not constructed in any way to appeal to a business customer, with the low frequency levels that we have. i think the other reason that we're able to do very well we have a cost structure that is by far and away the best in the industry by a very wide margin. you know, others simply can't duplicate that.
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i think thirdly, we have, our third party business which is, a business where we sell products like hotel rooms and rental c to our customers is again something that is unique and we earn a healthy profit by doing that. melissa: see otr airlines are out there doing something kindf similar where you said low frequency. that is one secret to what you're doing. you may have one flight from this spot to that spot that others aren't serving. according to flights as a result you have one the worst on time ratings of airlines with more than 30% of your flights being late. why is that? >> well, that is true. i mean, you know, there are some things about our network that are going to never allow us to run the kind of on-time performance that a network airline can run because of just the way their systems are built. you know, our flights go in and out of our destination markets and, occasionally if an airplane breaks out in
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the middle. country it will take us time to get another airplane out there to recover the trip. melissa: right. >> that is an area that has a lot of focus. we're trying to really put a lot of money improving that and increasing reliability running at higher on time percentage but you know when you only have two trips a week, a lot of times, if someone's running a little bit late, we'll hold the airplane because the alternative, they may not fly for four days. meliss may not get out of there four days. the other criticism you pull out of a lot of cities where you don't make money. >> right. melissa: you go into a city. you're not able to fill a plane, becae reall dependent filling the plane all the way up in order to make it worwhile and you pull out. a lot of flight attendants have taken out ads warning that jobs might not be safe in certain cities. how do you respond to that? >> well, i think that, you know, we view that as a badge of honor que honestly. we run the business to earn profits. if there are reports that
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won't get there anduick to pull the trigger and reallocate elsewhere. that is the beauty of airplanes you can move them. that is interesting criticism, we are trying to make money. we don't view it that way. we go into lot of markets. the vast majority worked very well. many have not. we don't go into any market think it will not work and work well. messa: yeah. >> invariably there are situations where it doesn't and we have to adjust the business to make sure we're using our assets to generate the highest possible profits which is good not only for the shareholders but also good for our employees and our customers. melissa: yeah. >> so, that's a, we --. melissa: y're proud of that fact. that's one of the reasons why your stock has been on fire. andrew, thanks so much for coming on the show. we certainly appreciate the time good luck to you. >> thank y, melissa. appreciate it. melissa: we like anyone making money, right? you have to put them on. they're fantastic. coming up on "money," a first look what is in store for us this summer as we brace for the next round o the debt ceiling debacle.
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we'll hear from senator marco rubio. you want to hear this one. plus, will eleconic cigarettes save or sink big tobacco? stick around. we've got answers from die-hard, smokers here in the studio. one of tobacco's top industry experts i here as well. do you ever have too much smoke? not in this studio. ♪ .
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♪ . melissa: whether it is on wall street or main street here is who made money today. gloria mackenzie. she finally came forward as the winner of last mth's $590 million powerball jack pot. the 84-year-old refused to announcing it.onference avoided any contact with reporters at lottery headquarters.
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she is taking lump sum payment of $371 million before taxes. you go girl!. meanwhile, needings some of dplor yaw's money today, bullish investors. stocks got clobbered driven by concerns about the job market,pullback of stimulus from the fed. the dow plunged. 217 points. that is the worst loss since mid-april. it closed below 15,000 since thfirst time since may 6th. trying to save their money, casinos. google glasses being banned on casino floors across the country. new jersey gaming officis are latsto forbid its use. they say it could be used to cheat at table games. i will have to stick to counting cards. oh, well. that time again. the dawn of the next round of debt ceiling negotiations. the debt debacle set to crop up late this summer and late today, fox business's very own rich edson sat down with an interview with gop power player senator marco rubio for an iider's look what to expect.
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rich what did he say? >> we're just to the point right now, melissa, republicans are trying to figure out exactly what they want to make as a condition for any increase in the debt ceiling. remember last year or a couple years ago we got what was known as the sequester that is in play right now. they made the senate pass a budget in the most recent increase in the debt selling. at least on the house side for republicans a whole list republicans put on the table in the past includings tax reform, eitlement reform, approval of the keystone pipeline, domestic energy production, curb of regulations or delay or changes to obamare, president's health care law. these are still on the table. they're part of the discussions. still republicans are trying to figure out exactly what do they want to do whent comes to the debt ceiling. senate minority leademitch mcconnell says he wants entitlement reform to be any part of a debt ceiling increase and that one republican senator agrees. >> i'm only open to raising the debt ceiling if it is tied to measures that event us having to raise the debt ceiling again in
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the future. and what is driving our debt is the entitlement programs. it is not discretionary spending. what is driving the national debt we have medicare program and a medicaid program that is spending a lot more money than i is taking in. >> it is still too early to tell which directions republicans go here but you've gt a lot of talk about tax reform and a l of talk about entitlement reform. democrats meanwhile say they're not going to negotiate the debt ceiling. it is congress's responsility to increase the nation's borrowingimit because this is spending authorized by congress already and you're paying bills that have already racked up. we do have a little bit of time on this one. the bipartisan policy center says the debt ceiling, the current debt ceiling probably won't be breached until sometime in early september or early october. back tyou. melissa: all that and scandal to deal with as well. rich, thanks so much. >> that's right. melissa: coming up on "money," investors scrambling to pull cash out of sac capital. did the government just bully the multibillion-dollar hedge fund out of business? we'll tell you why every company should be worried.
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plus smoking is a sociallyly acceptable right now as help prosy. big tobacco is betting big electronic cigarettes. it is the key cure for the industry's demise? don't go away. pylesf money coming right up. ♪ .
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melissa: no matter what time it is money is as you on the move and shares of rosetta stone taking a hit after hours. the language software company announced a secondary stock offering, another 3.5 milli shares will be offered to potential investors. right thereou can e the trade on that one. turning n to the power of money. wall seet is holding its breath as sac capital braces for maybe billions of redemptions. it is living under a cloud of insider trading suspicion courtesy of the fed. there is one catch though. neither sac nor its head, steve cohen have been actually charged with anything criminal. if customers pull their cas, sac could be forced out of business based on suspicion alone. our own charlie gasparino is one of wall street's most knowledgeable oervers. hears been following the sac he has written a new book, circle of friend and about crackdowns and insider trading networks. he we have fox news judge andrew napolitano.
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senior judicial analyst. i want to start with you. >> how do you like the hairlines? melissa: fantastic. fantastic. you have breaking news on this? what is going on with redemptions. >> as we were talking, over the last couple days on your earlier show that there was a chance of them going to a family office, what they're saying right now, they just give back the customer money, they manage their ownmoney. steve cohen's own fortu. they say that will not happen, no plans to do that right now but they're leaving open to door to doing it in the futur they will renot release the redemption notices or redemption tallies. what sources are tellg fox business network we believe it number is significant. probably leaving sac capital by my estimates, these are estimates not getting any word inside the company with about a billion dollars or less of outside customer money. so essentially still, a huge hedge fund, right. $9 billion of company money, of steve cohen's fortune and some of the traders. a billion or so, less than a
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biion of outside cash. still a lot less than the --. melissa: that's a big change. >> you know what that means? they're saying there are no plans for layoffs but they will have too it and scale back. that outside money they used to charge fees on that. they can't do that. melissa: enormous fees. judge, the question that charlie has been raising all week that is such a valid one is, is this unfair? i mean the government is essentially bullying them out of business and so far, they haven't chargedhem. i'm thinking arthur andersen. >> as charlie points out, in his terrific piece in this morning's "new york post", excuse me, charlie, the government doesn't care if it is unfair in part because the congress has immunized from liability the people in the justice department who are scaring away steve cohen's clients. look, when arthur andersen went under the corporation was idicted. the corporation pleaded guilty. it paid a measly $500,000
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fine and went out of business of the going out of business put 85,000 innocent human beings out of work. the guilty plea was then reversed by an appellate court but there was no arthur andersen left after the reversal. nor was tre anybody for those who lost money, who lost jobs, who lost wealth to sue because justice department prosecutors and fbi investigators are immune from the consequences of their behavior. so are they trying to put steve cohen out of business? they don't have tonswer. to the effect of this to be steve cohen out of business? charlie could answer the question better than i. if they do put him out of business there is nobody for him to sue. >> you're right about that we should back up and gi the justice department side of the story. they believe there's been illegal activity at this company. we should point out they have been investigating sack catal and cohen since 2007. i pnt this outin my book, circle of friends. this has been going on for
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years. have they hit any home runs in termsf finding wrongdoing at the firm? yeah. they indicted a two major portfolio managers. there are a slew of others indicted or cooperating to geteniency. there is more than just a little smoke there. but thee question is, , is the sort of bad stuff you see, is it systemic? doest mean the whole company is bad. melissa: right. >> does it mean that steve cohen himself whose phone has been tapped, is he a criminal? and i will say this, okay? if they got something on him, clearly under investigation, it is about time they ther charge him or leave him alone. because what they have been doing with this constant drumbeat of subpoenas. the guy just go a grand jury subpoena right around the time of this demption date. melissa: should we know abouthat by the way? was that leaked from somewhere? >> no, we should know about that, right. because the federal rules of crimin procedure make it a crime, a crime for someone in the justice department to leak it. >> judge, we don't have to be conspiratorial,
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conspiracy theorist the why do you think it was leaked? >> i think that it probably was leaked in order to weaken and damage steve cohen. melissa: right. >> at some point in this scenario, the justice department investigating sac, sac was cooperating giving the doj everything they want. >> absutely. >> at some point steve cohen said, enough is enough. two dayslater these grand jury subpoenas showed up. if something is going to happen i think it will be pretty soon. melissa: but it is hasn't happened before redemptions were due. >> no. melissa: charlie you made one of the points that is one of the points all along. >> i would say this the government would say the wheelsf justice turn slow. we're looking to turn a couple witnesses. two guys they indicted matthew martoma, michael steinberg. matthew martoma, former portfolio manager. steinberg, current portfolio manager. they would love tem to turn evidence. melissa: they would, and they haven't and isn't that interesting. what does that tell you? they put pressure on the guys who could go to jail a long time. >> decades. melissa: right.
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and wouldn't you think that if they could implicate someone gher up t food chain that theywould do that? they're sound much pressure. >> either they will, either they will implicate somebody higher up the food chain to save their own necks, or there is no there there. what t justice department is trying to get them to do they can't do. >> we're reading the tea leaves here. we're not in the room. i can tell you when i talk to justice department officials you guys in the press you get half the stuff wrong. it is tough when you're outside. i would say this, the grand jury thing was kind of smarmy. they knew that steve cohen if they gave him a grand ju subpoena was never going to testify. guess what they do. they leak it. and they leak it right at that time. i mean, by the way if you get a grand jury subpoena, generally judge would know this, you're not generally the target of the probe. so you're leaking a thing against a guy who i not a target. melissa: we've got to go. thanks it both of you for coming on. >> always a pleasure. >> thank you, judge. melissa: so do you hate big
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tobacco and smokers? they're not going anywhere. now the market f electronic cigarettes is smoking hot. e significance are taking the traditional tobacco business by storm with sales set to double a to a billion dollars since last year. we hit the streets to think what people really this about this. >> wow, that is so strange. >> what do you think? >> it is interesting. it is part of, it's like -- [inaudible] >> n like real cigarettes. >> w not? >> not the same like flavor to it. a lot softer. >> quite satfying. they s, if these were in comparison to the cost of a regular pack of cigarettes, i would definitely approach the idea of switching over to them. >> tastes better than the cigarettes. it taste as little better. >> hard to tell. doesn't have any smell. smoke still comes out. >> a little scratchy to me. i'm used to lhts.
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i could get used to it. >> actually not bad. i would try this. i would. >> [inaudible]. put it right back in the pocket. that is pretty convenient. melissa: so this could be a game changer. bonnie herzog from wells fargo securities knows all about it. bonnie, welcome to the show. i go to tell you, we sent one of our produce, out to a couple little areasround the studio where all the smokers gather. they are shamed into their corners on the streets out here. forced out of the buildings. not allowed to stand in certain places or most places. ey can only stand in certain places. i was surprised that these hacore folk liked these. >> yes. melissa: i was really surprised. when you asked people would you try this? we asked some smokers in the building. they said no. i don't want, not manly one of our floor directors said. but people seem to like these. it is a big business? >> it is. it is really growing quite rapidly. i thi it is offering the consumer an alternative especially for places where
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there are bans. it brings you more a freedom to va p as we say. melissa: vap? you vape? i had no idea. >> we're estimating that this market in terms of retail sales could more than double, possibly overa billion dollars thisyear. i'm still predicting that consumption of e-cigs could pass consumption of traditional cigs in a decade. melissa: reall who is the main perso using it? you can't market this as a way to quit smoking. then it would have to be approved by the fda but isn't that the point? isn't that why people buy this because they're trying to cut down on smoking? >> that is one of the reasons. i should make a comment in terms of regulation there is great likelihd this industry will be regulated. that is something we're expecting to get more detail. melissa: is that good or bad? >> i think it will increase barriers for big players. big manufacturers are entering very soon. lorillard bought blue last
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year. second largest brand. reynolds tomorrow will take the new e-cig nationwide. altria group has. they have talked about introducing a ecig in the second half this year. this is real category. growing rapidly from a consumer standint. not only is there perception of reduced risk there is affordability factor. the are more products entering the market at lower price points and multipacks. there is differential for the consumer also. melissa: forhe consumer, becoming less lame? that is always the problem with it. you would feel, that is what people in the building said. they said, if you're holding one of these you look silly. looklike you're not rely smoking. it is not the same sensation. is it overcoming these two things? >> absolutely. technology continues to improve. there are different styles. some look like a traditional cigarette. some do not. there are social media aspects of a lot of cigarettes because of the
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technology. that continues to improve. i think there is aovelty factor but i think it is becoming more cool and accepted. >> what kind of a business is it for the tobacco versus regular cigarettes? more or less profitable? how do they view it? >> right now the profi, rgins are lower but again that is something i'm predicting could very much improve the mix and increase margins over time. especially becse taxes are prrbably going to be less. i expect some taxes on these products. right now only one state. governments both state and federal will lose if i'm right and consumers switch. melia: yeah. >> i think long term it will be very profitable for the b manufacturers and small manufacturers. melissa: that is so interesting. i want to do the segment. i feelverywhere i go on radio people are doing ads for these. you're finally starting to see real people out there actually using those. >> the other tng bringing down barriers. think about traditional cigarettes you're very limited in terms of advertising. there is lot more freedom what you mentioned. advertising is also increasing awareness. melissa: bonnie herzog,
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great job. thanks so much for coming on. we appreciate it. up next on "money," running through mud may sound like the least appealing thing too for some people, for me especially. why are reebok, wheaties and otr major brands plunging head first into mud runnnng? we'll tell how the sport is about to become a billion dollars business. at the end of the day it is all about mud. ♪
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♪ . melissa: ready, set, mud? you probably heard of mpetitions like tough mudder where crazy participants r through d, they scale walls. they crawl under barbed-wire. last we're the adventure sport brought in $200 million, accordg to adweek major brands like reebok, miller lite and advil because you needed a vil doing this are dashing to get into the game. meaning it is an adventure only getting bigger. to break down the booming business of mud runs, the founder of blood, sweat and cheers. welcome to t show. >> thank you so much. >> i'murprised how big this has become. we had video first got our
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attention when jenna lee fox news channel got in the mud. did it. she is fantastic. she looks amazing even all muddy. i was shocked sponsors pay a million dollars to sponsor she is things. is it that big of a business? >> there is isncredible opportunity. people doing these events are spending a lot of money on them, in terms o signing up. in terms of registration. but amount of money you have to spend in terms of getting there, getting accomodations at venue. melissa: why, how much does it cost? >> it really depends which type of raise you're doing and how involved and how much you're traveling in order to do it. you have to byproducts like shoes and clothing in order to make sure you go from couch to finish line. melissa: there are special shoes you use to mud? i guess that makes sense. i figured people were ruining their own tennis shoes. what do you need in order to do this? >> reebok is in the process of coming out with a new pair of shoes that won't hit markets until january. they do have something that they have been promoting
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relatively. melissa: shows thos two us. >> we've got to come back. show the tennis shoes. the bottoms are funky and weird. why you need that in the mud? why can't i use regular tennis shoes? >> i'm not an exptbout reebok shoes. we've written about them. they will come out with unique technology january of next year. melissa: other people are getting in the game. advil makes a lot of sense of the veemts you would need a whole lot of advil after you went through something like this. wheaties is getting in the game. these are mainstream brands. how big do you think the industry could get? >> it continues to grow exponeially. between 2010 and 2012, the top three mud runs threw 3500%. melissa: wow. >> w haven't seen any sort of slowdown. melissa: seems like it is really dangerous. you he to sign a death waiver in order to do it? are you worried about something major happening that puts you guys out of business? >> doesn't necessarily put
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me out of business --. melissa: industry. >> i run a daily newsletter, and not one of these events but they're, with any sort of activity like this there is always some inherent danger but the biggerdanger is, if you're sitting on the couch all day long not being active. more people that die every single day from obesity than from these events. melissa: i don't know. somebody is throwing a spear in one w saw. i'm not sure which is more dangerous. but thank you so much for coming on the show, we apeciate it. a lot of fun. >> thank you so much. melissa: comingp on "money," if you're scamming workers disability would you make sure nobody saw you, or i don't kn would you go on "the price is right"? why one postal worker is being told to come on down!, to jail. you can ner have too much money. ♪ .
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♪ melissa: it time for a little "spare change." two names i used to mispronounce, i think i got them both. i nailed it, i am on fire. almost too good to believe but a government audit found contractors hired by the epa had the audacity to set up secret
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caves that they were seto matain. they used piled up boxes to hide these rooms full of exercise equipment, tv, coaches. they even had personal items like clothes, oats, magazines. calendars, photos. what is going on? >> this is like every guy's dream. speak as a fiscal conservative it is not something i would do on a taxpayer dime. i wod never put exercise equipment in a man cav a lot of alcohol, cigars, that is what makes a man cave, not exercise equipment. melissa: i heard there was a lot of trash and stuff. speaspeaker that is every guys . i think this like every guys secret dream. >> this is where we disagree. melissa: as opposed to
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everywhere else. >> this is every guy i know, a man cave. melissa: okay. >> it is just a.k.a. fun. melissa: i think we should move on. how dumb can you be? this former postal worker w getting workmen's comp. for a oulder injury portedly gotten the job back in 2004. that she said prevented her from lifting trays into a truck. it did not stop her from spinning the wheel on the pricee is right in 2009 with the same shoulder. she has pled guilty to fraud in a fedel court. how stupid can you be? what do you think? she is clapping with the shoulder. >> that wom has better
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posture. melissa: i am told that video was not her. but we saw the motion of what it would be like. it is hard. >> she was also known to have done a zip line on a carnil cruise. this woman apparently raising her arms to do anything but work. thaturpose alone. melissa: i think it looks like she is just missing her arm. >> missing her brain. >> apparently 30% where she lives are fraudulent. melissa: on a serious note talk about a special delivery, domino's is testing drone delivered pizza. look at that. one franchise has delived t pizzas, but so far no plans to do it in the u.s.
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laws ban draws from being used for commercial purposes. should that change so we can get our food on-the-fly? my kids would ve it. it would have me pay so much extra for their domino's pizza to be delivered by drones. >> can you imagine having to nagate through all of the high-rises? >> i do like the idea and i am pro-drone but this raises a whole new level. melissa: couldn't you just drop the pizza on somebody's head? >> how do you collect the money? melissa: i do it with the credit card. it is sad i do it that much. >>i have thought this through, as y can tell melissa: i want to keep watchinghis video of watching the pizza come by
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drone. speak or even of it was hanging by the drone. melissa: anyway, $20 million, that ihow much a saudi prince spent booking entire area of the park for himself and 16 of his favorite friends for three days. it brought them tailor-made events including access to rare disney characters. i would hope you would get something good for 20 million, wouldn't you? >> i hope he was like six years old. if he was 30, really? melissa: it was a graduation, and ink he was 23 or something. i don't know, i love disney. >> i think any person pays the same amount per capita when they
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go to disney. that sounds about right area did melissa: we have to go. that is all the erni ♪ >> in the '50s,@ there was a new sound. >> @♪ wake up, little susie @ ♪ wake up @ >> it had rhythms and lyrics that spoke to us. >> @♪ maybellene why can't you be true @♪ >> and all across america, radio stations gave us the latest hits. >> @♪ well, you can rock it,@ you can roll it ♪ ♪ do the stop and even stroll it at the hop @♪ >> there was chuck berry,@ jerry lee lewis, buddy holly,@ and of course, the king. >> @♪ well, since my baby left me ♪ ♪ well, i found a new place to dwell♪ ♪ well, it's down at the end of lonely et


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